Question: Required information Exercise 9-12B Record bonds issued at a premium and related semiannual interest (L09-5) (The following information applies to the questions displayed below) On
Required information Exercise 9-12B Record bonds issued at a premium and related semiannual interest (L09-5) (The following information applies to the questions displayed below) On January 1, Year 1, a company issues $590,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $684,053. Exercise 9-12B Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar) Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01 Year 1 03/Year 1 12/31 Year 1
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